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Personal income in Etowah County rises in 2011

Published: Monday, November 26, 2012 at 7:20 p.m.

Last Modified: Tuesday, November 27, 2012 at 9:39 a.m.

Etowah County's personal per capita income increased in 2011, but at a lower rate than the state and national income rates, according to the Bureau of Economic Analysis.

The county's personal income, which is income from all sources divided by population, increased by 2.9 percent in 2011, according to statistics released Monday by BEA, compared to 4.6 percent growth in 2010. The state change from 2010 to 2011 was 3.5 percent and the national change was 4.4 percent.

Etowah County's personal income was $31,844 in 2011, which ranked 22nd in the state and 301st of 366 metropolitan statistical areas in the U.S.

Jeffery L. Newman, an economist with BEA, said the Gadsden MSA, which includes all of Etowah County, had a drop in farm earnings because of increases in production costs.

Newman said it also saw slight declines in durable goods manufacturing, transportation warehousing in truck transportation and hospital revenues.

Etowah County's personal income at is 91 percent of the state figure of $34,880 and 77 percent of the national average of $41,560.

Its growth in 2011 was the third lowest among Alabama MSAs, topping only Montgomery at 2.8 percent and Decatur at 2.7 percent.

<p>Etowah County's personal per capita income increased in 2011, but at a lower rate than the state and national income rates, according to the Bureau of Economic Analysis.</p><p>The county's personal income, which is income from all sources divided by population, increased by 2.9 percent in 2011, according to statistics released Monday by BEA, compared to 4.6 percent growth in 2010. The state change from 2010 to 2011 was 3.5 percent and the national change was 4.4 percent.</p><p>Etowah County's personal income was $31,844 in 2011, which ranked 22nd in the state and 301st of 366 metropolitan statistical areas in the U.S.</p><p>Jeffery L. Newman, an economist with BEA, said the Gadsden MSA, which includes all of Etowah County, had a drop in farm earnings because of increases in production costs.</p><p>Newman said it also saw slight declines in durable goods manufacturing, transportation warehousing in truck transportation and hospital revenues.</p><p>Etowah County's personal income at is 91 percent of the state figure of $34,880 and 77 percent of the national average of $41,560.</p><p>Its growth in 2011 was the third lowest among Alabama MSAs, topping only Montgomery at 2.8 percent and Decatur at 2.7 percent.</p><p>Birmingham-Hoover had the highest growth in the state at 4.4 percent.</p>